Led 12

Crypto Conference Industry Remains in Bull Market, New Data Shows

More often than not, the first thing to be cut out of the budget is marketing. When the going gets tough and the coffers start emptying, the first head on the chopping block is usually the marketing intern. Followed by PR and event organization. But while the industry’s certainly seen a few layoffs in 2018, crypto conferences are still going strong.

Crypto Conferences Bucking a Trend

According to cryptocurrency researcher TradeBlock, even in the crypto bear market, when you may have expected to see a correlating decline in conferences, that was far from the case.

In fact, with the exception of December, crypto conferences hit their highest numbers toward the end of the year in October and November.

What Does This Mean?

Even in a bear market, industry events did not die out (in fact, there were some 53 and 52 conferences in November and December respectively).

The other month with the highest number of crypto conferences in 2018 was May. This saw some of the industry’s best-known and highest-attended conferences, such as Consensus in New York and Silicon Valley’s Global Disruptive.

Bitcoin conference in Prague, 2018

The conference scene slowed down a little throughout the summer unsurprisingly, but picked up speed again in September, with some 39 conferences. These included World Blockchain Forum in London and Berlin’s Dezentral.

October and November saw conferences with more focus on regulation. The hotly-awaited Malta Blockchain Summit saw an attendance of around 8,500 delegates. And Web Sumit in Lisbon as the world’s largest tech conference pulled in some 70,000.

Despite many studies pointing to a dwindling interest in crypto from the public, it seems the industry is still keeping the home fires burning.

Crypto conferences are not cheap either. A regular ticket at a mass event like Consensus or Web Summit will set you back around $2,000.

That the crypto conference bull run didn’t end in 2018 is a positive sign for the industry. There may be less popular interest, but more and more industry investors are keen on entering the market.

According to the annual SFOX Volatility Report:

While public discussion about crypto has waned since the start of the year, we’re seeing sustained interest at SFOX from institutional investors who want exposure to crypto.

Crypto Is Alive and Kicking

The same report places the crypto market at ‘moderately bearish’ as we enter 2019. But while prices look to be on a downward spiral once more, blockchain companies are busy building key infrastructure.

Solutions for scaling will find real use cases this year, Walmart and Wall Street will place more confidence in blockchain tech, and clearer regulation in the US should help ease uncertainty. So let’s hope the conferences keep up the pace throughout 2019 as well. And that they keep on serving free drinks.

Will 2019 see a change in the bull market trend for conferences? Share your thoughts!

Images courtesy of Shutterstock

Kvě 24

Cumberland Mining Has ‘Won Big Bitcoin Auctions’

Source: bitcoin

Cumberland Mining

On May 23rd, TradeBlock announced that it is servicing an interesting trading company called Cumberland Mining. TradeBlock says it will be enabling an “order management system and execution tool set” for the enterprise. Cumberland Mining is associated with the principal trading group DRW Holdings LLC. Not much is known about  this company, but it is said that it most likely scored 27,000 bitcoins in the US Marshals Service (USMS) bitcoin auction in March 2015.

Also read: Torist Is A Literary Magazine Hosted On The Deep Web

TradeBlock Collaborates with Cumberland Mining

Cumberland Mining has been a bit of a mystery until now. Tradeblock says Cumberland is a leading provider in both bitcoin and Ether markets, focused on Over-The-Counter (OTC) trading. The blockchain analysis company says OTC digital currency markets are flourishing, offering “instant liquidity directly between institutions and their counterparties.” Cumberland will be provided with a standardized tool set connecting its markets into an organized and automated framework. The Head of Trading at Cumberland Mike Komaransky, had this to say in the announcement:

“From post-trade processing to the very robust XBX index, TradeBlock has solved difficult issues and helped our trading desk focus on providing liquidity to our counterparties in the Bitcoin and Ether markets.”

When visiting the Cumberland Mining website, it says they “Buy and Sell Large Quantities of Bitcoin.” The page is simple and only has a picture of a mine shaft with a cart. If you press the “start now” button on the site, it directs you to the company’s linked email. The business has come up in the Wall Street Journal in the past, showing its partnership with DRW Holdings in April 2015. The WSJ explains that DRW maintains Cumberland Mining as a subsidiary that has “begun to experiment with cryptocurrency trading.”

Then there is the tale of Cumberland Mining involved with the USMS bitcoin auction. The government was selling the last of the Silk Road coins the agency had confiscated. Only the exchange itBit declared ownership of some of the auctioned blocks. So Bitcoin community sleuths followed some of the caches of Bitcoin that were sold during the event. 27,000 Bitcoins were sent to a unique address, and it just so happens Cumberland Mining tweeted that very address to the public. There are only two other tweets from the company that say “come trade Bitcoin OTC with us 1,000 BTC minimum. Cumberland Mining & Materials LLC says via its website:   

“We keep Bitcoin transaction data safe and secure and can settle large bitcoin block trades same day.”

What we know now is the company says it offers significant OTC bitcoin trading, and the company confirms, “We’ve won big bitcoin auctions,” on its website. Cumberland Mining also claims to have team members that have been trading “cryptocurrencies as early as June 2010.” Maybe we will hear more from this company in the future. Ishan Singh, Director of Analytics & Accounts at TradeBlock said:

“Today’s announcement marks another key milestone in our partnership with the Cumberland team and we’re excited to expand our platform solutions to Cumberland and its clients, building on the strong momentum thus far in 2016.”

What do you think about Cumberland Mining? Let us know in the comments below.

Images via Twitter and the Cumberland Mining website.

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Cumberland Mining Has ‘Won Big Bitcoin Auctions’